On August 1, 2018, Brooke Kine established Westem Realty Brooke completed the following transactions during the month of August a Opened a business bank account with a deposit of $24,000 in exchange for common stock b. Paid rent on office and equipment for the month, $3,700 c. Paid automoble expenses for month, $1,450, and miscellaneous expenses, 8000. d. Purchased office supplies on account. $1.250 e Earned sales commissions, receiving cash $22.000 Paid creditor on account, $700 0 Paid office salaries $3.300 h Paid dividends $3,900 Determined that the cost of supplies on hand was $350, therefore, the cost of supplies used was $900 Required 1. Indicate the effect of each transaction and the balances after ea transaction, using the tabular headings in the exhibit below in each transaction row (rows indicated by a letter), you must indicate the math sign (or-) in columns affected by the transaction. You will not need to enter math signs in the balance rows (rows indicated by Bal.) Entries of 0 (zero) are not required and will be cleared if entered Assets Liabilities Stockholders' Equity Accounts Common Sales Salaries Rent Auto. Supplies Miscellaneous Cash Supplies Payable. Stock Dividends Commissions Expense Expense Expense Expense Expense 2. a. Prepare an income statement for August. Refer to the list of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries Be sure to complete the statement heading. You will not need to enter colons () on the income statement if a net loss has been incurred, enter that amount as a negative number using a minus sign